GAGA Share Market News

[hfe_template id='11223'] [ad_1] Indian benchmark indices ended with weekly declines of 1.4% amid growing tension between India and Pakistan. But a Saturday peace breakthrough between the two countries could calm the markets when they resume trade on Monday. A host of other important domestic and global events lined-up during the week, are also likely to impact the D-Street. On Friday, Nifty declined 265.80 points or 1.1% to end the day at 24,008. Selling pressure was across sectors but more prominent in private banks, realty and energy stocks. "Following a period of consolidation, Indian equity benchmarks experienced a sharp correction amid escalating geopolitical tensions between India and Pakistan, which fueled market volatility and triggered a shift toward risk-off sentiment. Geopolitical developments, particularly the ongoing tensions with Pakistan, will continue to remain in focus," Ajit Mishra, Senior Vice President, Research, Religare Broking said. Mark...

[hfe_template id='11223'] [ad_1] Food delivery company Swiggy is expected to report steady revenue growth for the fourth quarter of FY25, driven by continued strength in its quick commerce (Instamart) and food delivery businesses. However, profitability is likely to remain under pressure due to high operating costs, particularly in the Instamart segment, which continues to require significant investments. The company’s consolidated revenue is projected to rise 26% year-on-year (YoY), supported by a sharp increase in order volumes for both food delivery and Instamart. Meanwhile, losses are likely to widen up to Rs 1,031 crore. The company’s aggressive focus on customer acquisition, coupled with rising delivery and promotional costs, is expected to impact profitability. Swiggy’s operational metrics in the quarter may also reflect the impact of seasonal demand, with an uptick in food delivery orders but at a high customer acquisition cost. According to Motilal Oswal, Swiggy...

[hfe_template id='11223'] [ad_1] In a quarter marked by market jitters, Trump tariff tantrums, and valuation vertigo, India’s high net-worth individuals (HNIs) showed they’re not shy about taking bold bets but they’re also not afraid to pull the plug. Data from Prime Database reveals that HNIs poured over Rs 760 crore into battered Swiggy shares, Rs 248 crore into Eternal (earlier known as Zomato), Rs 342 crore into Jio Financial Services during the March quarter, even as they aggressively exited darlings like Nykaa and Premier Energies. This frenzy of rotation wasn’t without broader implications: the total value of HNI holdings in NSE-listed companies fell by a staggering Rs 1.02 lakh crore, dropping to Rs 8.07 lakh crore as of March 31, 2025, an 11.27% plunge from the previous quarter, according to the data. Their shareholding by value shrank to 1.98% from 2.09% in just three months. The numbers clearly suggest that HNIs used the quarter to book profits and rotate capi...

[hfe_template id='11223'] [ad_1] Swiggy’s stock may face heightened volatility in the near term as the expiry of a major pre-IPO shareholder lock-in period approaches, according to brokerage JM Financial. The lock-in, which ends on May 12, will make around 83% of the company’s shareholding eligible for trade for the first time, raising the potential for large-scale offloading. On Thursday, shares of the food and delivery giant slipped as much as 1.6% to Rs 342.4 on the BSE. JM Financial estimated that even if just 15% of the locked-in shares are sold post expiry, it could result in outflows worth Rs 120 billion — nearly equivalent to the company’s total IPO size of Rs 113 billion. Many pre-IPO investors, including private equity and venture capital firms, are sitting on substantial unrealised gains, and despite Swiggy’s stock trading about 12% below its IPO price of Rs 390, some may be inclined to exit. "While we cannot accurately predict when these shareholders wil...

[hfe_template id='11223'] [ad_1] Global brokerage firm HSBC has lowered its target price on Zomato (Eternal) and Swiggy, citing sustained intense competition in the quick commerce (Q-Comm) industry. In a note, HSBC said Gross Order Value (GOV) growth in the Q-Comm space will remain a key focus for investors in the near term, as players face persistent pricing and delivery pressures. It also pointed out that consensus expectations for food growth have now been lowered to 12–15%. HSBC maintained a 'Buy' rating on Zomato but cut its target price to Rs 280 from Rs 315. For Swiggy, it retained a 'Hold' rating and reduced the target to Rs 385 from Rs 460. Meanwhile, in early trade on Friday, shares of both companies rose in line with the broader market rally. Zomato jumped over 3% to Rs 218.2, while Swiggy gained 2.3% to Rs 347.5. Also Read: Sensex surges 1,400 pts, Nifty tops 22,800 as investors cheer US tariff reprieve Live Events Zomato shares also reacted ...

[hfe_template id='11223'] [ad_1] Indian corporates shattered fundraising records in FY2024-25, mobilizing a staggering Rs 19.96 lakh crore through a mix of equity and debt instruments, despite volatile market conditions and global economic headwinds. The data, compiled by PRIME Database, highlights a strong appetite for capital across both primary equity markets and debt channels - making it the highest ever fundraising in a single fiscal year. While market sentiment remained uneven through parts of the year, companies rushed to seize favourable windows, leading to record equity mobilisation of Rs 3.71 lakh crore - nearly double that of the previous year. The surge was powered by blockbuster IPOs, a revival in Qualified Institutional Placements (QIPs), and robust participation in private debt placements. Mainboard IPOs alone raised Rs 1.62 lakh crore. Here’s a look at the data compiled by PRIME Database: Equity fundraising doubles as IPOs roar back Total equity mobilisat...

[hfe_template id='11223'] [ad_1] As we step into FY26, consumption may emerge as one of the hottest investment themes due to lowering of interest rates and income tax rate cuts, says Viraj Gandhi, CEO, SAMCO Mutual Fund. In this chat with ET Markets, he also talks about 2 other promising sectors - private sector banks and pharma. Edited excerpts: What is your outlook on equity markets for the next 12–18 months, considering global uncertainties and domestic growth trends? Is this the time to buy the fear? Equity market outlook for the next 4-6 quarters would highly be influenced by a mix of global uncertainties and improving domestic growth. On the global front, trade tensions, especially the potential imposition of reciprocal tariffs by the new US President on different countries in early April, may invite short-term volatility and uncertainty in equities. Domestically, the outlook appears to be more positive. Recent improvements in macroeconomic data, such as inflation ...

[hfe_template id='11223'] [ad_1] The markets remained volatile for yet another session on Friday, shedding half a percent amid mixed cues. In today's trade, shares of Zomato, Jio Financial, Swiggy, Coal India, Airtel, Ami Organics and others will be in focus due to various news developments. Swiggy, Hyundai, Bajaj Housing Finance, Zomato, Jio Financial Shares of Swiggy, Hyundai, Bajaj Housing Finance, Zomato, Jio Financial will be in focus as the companies made it to exclusive Nifty and Nifty50 indices as part of the latest reshuffle. NTPC State-owned power giant NPTC and EDF India, an arm of French firm Electricite de France, have joined hands to set up pumped hydro storage and hydro projects bundled with renewable energy projects, and explore opportunities in the distribution business. Coal India State-run Coal India will establish a joint venture with an arm of France's EDF to build renewable power plants in South Asian countries. Marico The aspirational rural...

[hfe_template id='11223'] [ad_1] Swiggy shares fell up to 9.55% to Rs 433.25 on BSE in the morning session on Tuesday after peer Zomato surprised investors by reporting a slowdown in the food delivery business. The Q3 miss led brokerages to downgrade Zomato shares as well as cut target prices. Zomato shares fell 11% to Rs 214 on BSE as target prices fell to as low as Rs 130 given by global brokerage firm Macquarie. Nomura reduced target price from Rs 320 to Rs 290, Jefferies to Rs 255 from Rs 275, Nuvama from Rs 325 to Rs 300, and Kotak Equities from Rs 305 to Rs 275. Zomato’s food delivery GOV growth came in at 17% YoY and missed estimates by 1.8%. The company's management also pointed out that the food delivery business is going through a broad-based slowdown in demand, which started during the second half of November. All this had a negative impact on Swiggy shares as well, which have already lost about 25% of its value from peak. Also read | Zomato, Swiggy shares...

[hfe_template id='11223'] [ad_1] Analysts at top brokerage firms have shared optimistic outlooks on key players across diverse sectors, highlighting significant growth opportunities and robust fundamentals for the upcoming year. Bernstein has initiated coverage on Swiggy with an "Outperform" rating, citing its leadership in India's convenience economy and its potential to capitalize on super-fast delivery models. Meanwhile, Jefferies remains bullish on InterGlobe Aviation (IndiGo) and Indian Hotels, emphasizing their strong market positions and promising growth trajectories. IndiGo's dominant share in domestic air travel and cost advantages, alongside Indian Hotels' consistent performance in a cyclical industry and benefits from industry tailwinds, further reinforce their appeal to investors. Here’s a summary of recommendations from top brokerage firms based on ETNow and other sources: Bernstein on Swiggy: Initiate Outperform, Target Price Rs 635 | ...

[hfe_template id='11223'] [ad_1] Swiggy shares climbed as much as 6.1% on Thursday to Rs 520.70 on the BSE after global brokerage firm Bernstein initiated coverage on the food delivery player with an ‘outperform’ rating at a target price of Rs 635 per share, which implies a potential upside of 22% from the stock’s current levels. The brokerage firm noted Swiggy’s pioneering role in India’s food delivery market since 2014 and its subsequent expansion into quick commerce. Currently, Swiggy is the second-largest hyperlocal platform in India, trailing only Zomato. Bernstein said that Swiggy is well-positioned to capitalize on the structural shift toward super-fast delivery models in India’s rapidly growing convenience economy, which boasts an 8% penetration rate and a $70 billion total addressable market. Bernstein projects this segment to grow at a compound annual growth rate (CAGR) of over 50%. Swiggy shares closed 3.44% lower at Rs 491.75 on Wednesday but have seen a 7.6%...

[hfe_template id='11223'] [ad_1] Shares of food-delivery company Swiggy surged 1.7% to their day’s high of Rs 587.30 on the BSE as the global brokerage firm JP Morgan has initiated coverage on the stock with an ‘overweight’ rating and a target price of Rs 730. This indicates an upside potential of 26.5% for the stock from the current levels. The global brokerage firm has highlighted Swiggy’s position as a "dark horse" in India's local services landscape and sees a significant growth potential for Swiggy, emphasizing the company's renewed focus and improved execution in both food delivery (FD) and quick commerce (QC). JPMorgan projects that Swiggy will achieve critical scale across its core businesses, outperforming its peers in profitability expansion between FY25 and FY28. This confidence stems from Swiggy’s ability to enhance operational efficiency while driving robust growth in its key segments. It has also been noted that Swiggy currently trades at ...

[hfe_template id='11223'] [ad_1] Axis Capital has initiated coverage on Swiggy with a ‘buy’ rating and a target price of Rs 640, signalling a 20% upside from its last closing price. The brokerage sees significant opportunities in Swiggy’s long-term growth, on the back of robust growth in food delivery and quick commerce, a projected 38% revenue CAGR, improving profitability, and a strengthened leadership team. The brokerage said Swiggy's Instamart is forecast to secure a 31% market share in quick commerce by FY27, further solidifying Swiggy’s position in this high-growth segment. In comparison to Zomato, which dominates India’s food delivery market with a 53% share, Swiggy holds a respectable 38% share, making it a strong second player. While Zomato has an edge in profitability and scale, Axis Capital notes that Swiggy is steadily closing the gap. "Overall, we believe that in scale and profitability, although Swiggy lags Zomato, there has been some directional i...

[hfe_template id='11223'] [ad_1] Shares of newly-listed food and grocery delivery platform Swiggy on Wednesday fell up to 4.4% to a low of Rs 519.50 on BSE in the morning session as 6.5 crore shares of the company freed up for trade. The one-month expiry of a mandatory lock-in period ended today to free up 6.5 crore shares of Swiggy or 3% of its total outstanding shares. As a result, the stock fell as some pre-IPO investors may have tried to book profit. Swiggy shares are now up about 33% from its IPO issue price. The stock had rallied over 5% in the previous session after global brokerage firm CLSA had initiated coverage on the stock with an outperform rating and a target price of Rs 708. The brokerage said it sees Swiggy's execution improving with accelerating growth and improving profitability and expects Indian quick commerce to grow 6x in FY24-27 Also read | Sleeping giant HDFC Bank shares wake up with Rs 3 lakh crore rally "Swiggy will likely continue to l...

[hfe_template id='11223'] [ad_1] Leading brokerages have shared their latest recommendations on key stocks, highlighting significant growth potential and strategic opportunities. CLSA has initiated coverage on Swiggy with an "Outperform" rating, citing its strong position in the food delivery and quick commerce markets. Jefferies has reiterated its "Buy" rating on Godrej Properties, emphasizing its pivot to owned land and robust pre-sales growth projections. Meanwhile, Citi has maintained a "Buy" rating on Divi's Laboratories, pointing to a strong pipeline and resilient sales outlook. We have compiled a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Swiggy: Initiate Outperform with target price of Rs 708 | LTP: Rs 537 | Upside: 31% CLSA has initiated coverage on Swiggy with an "Outperform" rating and a target price of Rs 708, implying a potential upside of 31% from its current market pric...

[hfe_template id='11223'] [ad_1] Newly listed Swiggy shares climbed as much as 9.2% on Thursday to Rs 565.85 on the BSE, extending a results-driven rally into a second session, as the food delivery giant saw its losses during the July-September quarter narrow 5% to Rs 625.53 crore, from Rs 657 crore in the year-ago period. Buoyed by narrowing losses and robust revenue growth reflected in the financial results for the quarter ended September, Swiggy shares have rallied nearly 13% in the last two trading sessions. The company reported that its revenue from operations grew 30% year-on-year (YoY) to Rs 3,601.5 crore, up from Rs 2,763.3 crore in Q2 FY24. Quarter-on-quarter (QoQ), revenue rose 11.77%. Swiggy’s gross order value (GOV) surged 30% YoY to Rs 11,306 crore, and the platform’s monthly transacting users increased 19.2% YoY to 17.1 million, indicating steady user growth. Also read | Jane Street’s Rs 4.3 crore job offer to IIT student sheds light on options trading ineq...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices opened marginally higher for the third consecutive session on Tuesday, following gains from Asian markets. The rise was driven by metal and financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 1:52 pm, the BSE Sensex was up 640 points, or 0.80%, at 80,888.34, while the Nifty50 gained 180 points, or 0.74%, trading at 24,456. Among the Sensex stocks, Adani Ports, JSW Steel, SBI, HDFC Bank, IndusInd Bank, and Tata Steel were the top gainers, rising up to 3%. In contrast, ITC, Bharti Airtel, Sun Pharma, Kotak Bank, and M&M opened lower. In individual stocks, Solar Industries surged 9.5% in early trade after it, along with its subsidiary, secured export orders worth Rs 2,039 crore for supplying advanced defense products to international clients. Swiggy shares also climbed 9.4% in early trade as the food delivery giant w...

[hfe_template id='11223'] [ad_1] Shares of newly-listed Swiggy climbed as much as 8.1% on Wednesday to Rs 499 on BSE, with the stock surging nearly 16% in the past two sessions after UBS became the latest brokerage to initiate coverage on the food delivery major with a “Buy” rating, highlighting Swiggy's promising growth in India's food delivery and quick commerce markets. Brokerage firms - HDFC Securities, Motilal Oswal and JM Financial - were the first ones to initiate coverage on Swiggy with particularly bullish views. Swiggy made its Dalal Street debut on November 11, with the stock hitting a record high of Rs 489.25 on November 14. UBS Brokerage UBS initiated coverage on the leading food delivery player on Monday with a “Buy” rating and a target price of Rs 515, citing potential for growth amid India’s expanding online food delivery and quick commerce markets. UBS said that Swiggy is well-slated to benefit from its improving margins and scale. The brokerage ...

[hfe_template id='11223'] [ad_1] Citing Zomato’s market dominance and superior execution, brokerage JM Financial expressed a preference for Zomato over Swiggy, highlighting the challenges Swiggy may face in establishing its footing in this space. In its report, JM Financial highlights Zomato’s leadership and execution record, suggesting it holds an edge over Swiggy despite the latter’s advances in quick commerce through its Instamart vertical. “We would prefer Zomato if asked to pick only one due to its superior execution in the past and market leadership across key segments,” the report states, positioning Zomato as the more favorable investment choice. Swiggy’s Instamart has struggled with operational challenges, particularly as competitors like Blinkit and Zepto have gained ground. JM Financial points out that “Blinkit has achieved near-break-even,” while Instamart still faces hurdles to reach similar profitability levels. Zomato’s acquisition of Blinkit, meanwhile, h...

[hfe_template id='11223'] [ad_1] Like most other big IPOs, Swiggy too made a muted debut on Dalal Street by listing at a small premium of 8% over its issue price. Since Swiggy is currently loss-making at consolidated level and believed to be at least 2-3 years away from PAT level break-even, investors are refraining from making bold bets. After listing, Swiggy shares jumped 9% to Rs 449 on BSE with its market capitalization crossing the Rs 1 lakh crore mark. On its listing day, brokerage firms - Macquarie and JM Financial - became the first ones to initiate coverage on the debutant but came out with polar opposite views. Macquarie's initiating coverage report gave it an underperform rating with a target price of Rs 325, which indicates downside potential of 17% from IPO issue price of Rs 390. While admitting that the food-tech firm has a long runway ahead, it warned about a bumpy winding path to profit. The brokerage expects Swiggy's group EBIT to break-even only...